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| As our Chairman, we believe Mr. Moreans continued service is paramount to our sustained success. | ||
| Mr. Morean was appointed to the Nominating and Corporate Governance Committee to replace a departing director in September 2009. | ||
| The Jabil Board will consider whether to keep Mr. Morean on the Nominating and Corporate Governance Committee at our January 2010 Board of Directors meeting. | ||
| Jabil considers independence before making committee appointments. We consider the SEC and NYSE requirements and our internal standards, which are stricter. | ||
| Mr. Morean was last our CEO, ten years ago in 2000. This time period well exceeds both the SEC and NYSE three year cooling off periods. | ||
| Because the Company has changed so dramatically since the time he was CEO, we view Mr. Morean as an independent director. | ||
| For your reference: |
2000 | 2010 | |||||||||||
Revenue:
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$3.4 billion | $11.7 billion | ||||||||||
Employees:
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19,000 | 85,000 | ||||||||||
Operations:
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16 in 7 countries | 55 in 22 countries | ||||||||||
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